Can You Get Refinanced If You Have Arrears on a Mortgage?

Answer You can refinance your home if you are in arrears on your mortgage, however the interest rate and fees will be higher than a conventional loan. These are called sub-prime loans and are available in... Read More »

Top Q&A For: Can You Get Refinanced If You Have Arrears on a...

Is mortgage interest paid in arrears?

Yes. Although some payments such as rent and lease payments pay in advance for use, payments for a mortgage are structured so that the interest portion of the payment are applied to the past month'... Read More »

Does Saxon Mortgage have a grace period for mortgage payments?

According to Saxon's website, the mortgage lender does have a grace period for mortgage payments. If a borrower goes past his grace period, Saxon assesses a late fee. The company offers online paym... Read More »

Can you have a second mortgage included with a reverse mortgage?

A borrower who is 62 or older can purchase a reverse mortgage to pay off any and all debt on their primary residence, including a first and second mortgage debt.SignificanceA reverse mortgage pays ... Read More »

Can I refinance my first mortgage if I have a second mortgage?

If a homeowner has taken out a second mortgage, it is possible to refinance the first mortgage. The lender that holds the second mortgage must agree to subordinate that loan, which means that if th... Read More »